Giant companies avoid paying taxes

Byline2:

OBAMA IS MUM ON GE’S TAXES

Jane Kenny’s letter hits the nail on the head and is one of the best letters I’ve read showing Democrats and their true policies. A recent VOX caller decided to challenge one statement out of the many reflected in her letter. Obviously, the caller doesn’t know corporations are taxed at a rate of 35 percent which is the highest in the world. This is the reason why we are losing jobs and manufacturing firms overseas. It’s true, General Electric didn’t pay taxes and would rather pay lobbyists and attorneys billions of dollars developing loopholes in our tax code.

The Republicans want to reduce the tax corporations pay to 25 percent, thereby making American companies competitive but naturally President Obama and the Democrats are against this reduction, hence loss of companies overseas. Obama’s MO is to point out fat cat’s salaries and bonuses along with companies making exorbitant profits, etc. However, when it comes to General Electric not paying any taxes, he remains completely mute and hasn’t said one word. I suppose the reason for his silence is Mr. Immelt, CEO of General Electric, is a big Obama supporter and contributes to his campaign. Also, Mr. Immelt was appointed by Obama to one of the top jobs in his cabinet. To the caller’s dismay, the foregoing facts were mentioned on FOX News. All liberals should watch FOX occasionally to learn what is really happening in our country.